Thursday, Mar 27, 2008
Injustice to savers
Bloomberg: Video Jim Grant on Fed actions
Excellent interview. The desperate actions of the Fed accepting mortgage paper as collateral, when the US is not even in depression yet. The dollar is now a very risky asset because of this, especially if house prices keep falling. He calls the destruction of the dollars value an injustice to savers.
Posted by happyrenterz @ 11:33 PM (240 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.